NZ wholesale trade rises 1% in third quarter, led by agricultural products, vehicles

Sun, 11 Dec 2016

By Jonathan Underhill Dec. 12 (BusinessDesk) - New Zealand wholesale trade rose in the third quarter led by sales of basic materials such as agricultural products and motor vehicles and auto parts. Seasonally adjusted sales rose 1 percent in the three months ended Sept. 30, following a 1.7 percent gain in the second quarter which was the fastest pace in two years, Statistics New Zealand figures show. Actual wholesale stocks rose 2.1 percent compared to the third quarter of 2015. Wholesale trade covers intermediary transactions between...

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